Tenax Therapeutics' (TENX) CEO John Kelley on Q4 2015 Results-Earnings Call Transcript.
Answer Wiki. I honestly don't think there's a plus to a debit card. It's not as secure as credit (if you get theft ed say goodbye to your money), there's no perks, and there could be potential fees (overdrafting, etc). Other then getting money from ATMs, I can't think of a reason to use them. The minus for credit is the ease of debt.
When the debit column and the credit column totals are equal, the account balance is zero. You close an account by zeroing out the balance. If revenues are higher than expenses, your income statement will show a credit balance, which is a profit. If expenses are higher than revenues, your income statement will show a debit balance, which is a loss.